Audit of accounts before adoption at board meeting

Yes,  audit can be started before adoption of the accounts by the Board. It is a common practice to place  the  draft audit report in the same meeting in which the Board  approves and adopt the accounts. 

Also see the file attached containing the depatment views on the time gap between approval and signing by the auditors  

here is the attached file

Great job done by Ekta.

Thanks Mr. Mishra

Its a very known book on Companies Act used by professionals- 

"Gudie to Companies Act  -  A Ramaiya"

Ohk....I know bout it ,but i dont hv d book..thanx..

Upto my understanding No, auditor's are appointed and accounts are adopted Y-o-Y basis, if you appoint the auditor and adopt Financial statement for 4-5 yrs on one day, it would be clear cut violation of law. Preferably complete your paper work and file the document under CLSS. Do it fast scheme is valid upto 31.08.2010 only.

Others views solicited.

Regards,

Originally posted by : vivek
	Upto my understanding No, auditor's are appointed and accounts are adopted Y-o-Y basis, if you appoint the auditor and adopt Financial statement for 4-5 yrs on one day, it would be clear cut violation of law. Preferably complete your paper work and file the document under CLSS. Do it fast scheme is valid upto 31.08.2010 only.

Agree with Mr. Vivek.